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Re Dist On Line.How is the distribution treated on tax. As a LP it is not qualf. How much is return of capt. nrs
In 2007 LINE distributions were 100% tax shielded. Or tax deferred if you prefer. The distribution reduces your cost basis.LINE expect 2008 distributions to be the same.Of course, LINE is a 'pass through' structure. So it can generate UBTI & may not be appropriate for a tax sheltered account such as an IRA or 401(k).